Feb 20, 2013 11:00am PST
including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> the pentagon is warning today of drastic civilian cutbacks under the automatic budget cuts set for march 1st. our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are some 800,000 civilian workers are facing one day of furlough for the next 22 weeks. it is going to start hitting an awful lot of people right in the pocketbook. i want you to have a quick listen to one of the pentagon officials that explained some of the impact today. >> the effects of sequestration and the continuing resolution on our military personnel will be devastating. but on our civilians, it will be catastrophic.
Feb 20, 2013 5:00pm EST
that americans are com play september about defense cuts and cutting the pentagon. does that make it harder to sway republicans? >> i would point you to what republicans have said about sequester on national security and on our defense readiness. it is a fact that it affects deployment, it affects -- it would have negative impacts on army readiness, it imposes cuts to air force flying hours. i think that is a concern to all americans who worry about our national defense. but it would also, again, result in 0,000 kids getting kicked off of head start. it would rezurlt to cuts in mental health services to children. it would have cuts to teachers and to mental health care. that is to just name a few. to the jobs of first responders and others who would be affected by this. the reason why the list is so long because the sequester was written to be broad and, therefore, not to become policy. we call on congress to take reasonable and appropriate action, to pass legislation that would buy down the sequester, postpone the sequester with a package of spending cuts and revenue increase. we're makin
Feb 20, 2013 6:00am PST
for it. as late as september the pentagon was saying they were still trying to understand what the law was. in december they hadn't started. just a few weeks ago they start coming out now with all these dooms day scenarios. the reality is that the president could have stopped it. the house of representatives has passed not one, but two bills that would have stopped it. the senate has done nothing. martha, when the president talks about a balanced budget, most americans think what he means we balance the amount of money coming in with the amount of money coming out. martha: right. >> that is not what the president talks about with balance. martha: that is interesting, jay carney quoted alan simpson but the other thing he did not quote that alan simpson said, if this president does not get serious about deficit reduction, including taking on medicare and social security and reforming those entitlement programs, that he will have a failed presidency. do you think that is a message republicans have done a good job getting across? >> well, martha, i think that it is very difficult sometimes
Feb 20, 2013 3:00am PST
the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would have immediate impacts, more than 75